Author

Topic: Did PayPal approve selling bitcoins for PayPal? (Read 511 times)

legendary
Activity: 1288
Merit: 1036
I don't think paypal has accepted it just yet but they have announced on thinking about it.
Pretty sure paypal is going to be placing ridiculous fees with these just as when you are using cash and withdrawing it to your bank account.
sr. member
Activity: 500
Merit: 250
This is just like circle ,circle let you buy bitcoins via PayPal it mean that PayPal should allow/is allowing pp to btc transaction.
But in case if a individual man do it then pp will freeze their account saying it is against their tos.
WTF!!
legendary
Activity: 2786
Merit: 1031
Interesting, now you can fund your Paypal account with bitcoin, well, with Coinbase as middleman, I guess eventually one will be able to fund Paypal account directly with bitcoin, but for now this is pretty good.
legendary
Activity: 1288
Merit: 1087
In paypal's eyes it probably doesn't qualify as any type of crypo transaction. Coinbase is selling the bitcoin, turning it into usd and sending that usd to paypal. anything to do with bitcoin stays inside coinbase. paypal never touches it.
hero member
Activity: 1064
Merit: 502
* Buying Bitcoin *
I've read the post and it's just for BTCBTCBTC sells. I'm pretty sure they'll pass the fees on you. I see no issues with that because it's just transferring your money on coinbase to Paypal. If it was the other way around, that's where we'll have issues.
You mean to say PayPal will limit everyone's account who are selling bitcoin at coinbase and not limit coinbase's account because they're buying bitcoin?

legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
I've read the post and it's just for BTCBTCBTC sells. I'm pretty sure they'll pass the fees on you. I see no issues with that because it's just transferring your money on coinbase to Paypal. If it was the other way around, that's where we'll have issues.
legendary
Activity: 2982
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
as far as i know, paypal didn't disallow any form of transaction about cryptocurrency but they just won't get involved into it if any problem happening,they didn't reccommend the transaction,every refund request will result rejected
sr. member
Activity: 336
Merit: 250
Bravity is beautiful.
No they are not accepting this but the fact is that PayPal is even limiting for you if they are knowing this..
legendary
Activity: 1218
Merit: 1006
I don't think they still approve or using paypal for bitcoin related transactions but how coinbase manage to add paypal in their methods is quite confusing to me too. Huh

Did someone tried this feature from USA ? withdrawing to paypal ?
sr. member
Activity: 588
Merit: 251
Coinbase was not really into bitcoin economy, more like a bitcoin currency exchange. Basically coinbase would accept btc for payment on behalf of merchants, exchange rate it and transfer traditional currency funds to the company. I imagine with paypal it will be the same.
hero member
Activity: 1064
Merit: 502
* Buying Bitcoin *
I see coinbase started offering PayPal payments to US users from today: https://blog.coinbase.com/2016/06/22/coinbase-adds-support-for-paypal-and-credit-cards/
Jump to: